Exits, exits, read all about it!
The past few weeks have sparked a renewed optimism for digital health. On May 22, digital physical therapy provider Hinge Health opened a new page, debuting on the NYSE—exceeding pricing expectations and showcasing plans to automate care delivery. Meanwhile, virtual chronic care provider (and Rock Health port co) Omada Health is poised to follow suit, targeting a $1.1B valuation for an IPO likely later this week. Omada is advancing its platform with AI agents that deliver real-time motivational interviewing and nutrition education to improve outcomes in cardiometabolic care.
After several quiet years, it’s exciting to see digital health IPOs back on the bookshelf. The ride hasn’t been all up(side)—there’s valuation haircuts and continued pushes to profitability to navigate. But these IPOs are fresh and long-awaited proof points for the viability and promise of tech-enabled services: improved healthcare outcomes at scale, with strong margins.
Headlines
Catching The Right Wave In Digital Health
Working with LG NOVA to make data-driven bets in healthcare innovation Rock Health
How To Build Sustainable Tech-Enabled Service Companies
First of three installments explores the unit economics of resilient care delivery companies Flare Capital Partners
Midi Launches Insurance-Backed Longevity Program For Women
First-of-its-kind women+ offering includes diagnostics and ongoing virtual care support Axios
Wisp Launches At-Home STI Testing To Complete Telehealth Platform
Women+ telehealth company launches at-home testing in all 50 states Femtech Insider
Recent Funding
- AI-powered emergency response solution Prepared grabs $80M
- Oncology-focused condition management app Outcomes4Me raised $21M
- Brooklyn Health clinched $6.5M to standardize mental health assessments in clinical trials